Hazardous Goods Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Hazardous Goods Logistics Market was valued at USD 237.3 billion in 2023 and is projected to grow at a CAGR of over 5.6% from 2024 to 2032. This growth is largely attributed to the expansion of global trade and international supply chains. As companies increasingly globalize and source materials from diverse countries, the transportation of hazardous goods across borders has seen a notable uptick in recent years.

Furthermore, the market is significantly propelled by stringent regulations surrounding the transportation and handling of hazardous goods. Regulatory bodies, including the Department of Transportation (DOT) in the U.S., the European Union's ADR, and the International Maritime Organization (IMO), have established guidelines. These aim to ensure the safe handling, storage, and transportation of hazardous materials, thus preventing potential accidents and environmental harm. For logistics providers, adhering to these regulations is paramount. It not only ensures efficient management of hazardous goods but also promotes a safer and more sustainable logistics landscape.

The hazardous goods logistics industry is divided into transportation mode, service, product class, type of operation, end user, and region.

The market segments based on transportation mode include rail freight, air, sea, and road. In 2023, the sea freight segment accounted for approximately USD 155 billion. The sea freight sector's growth is significantly driven by the surge in global trade. Offering a cost-effective solution, sea freight is preferred for transporting large volumes of hazardous materials over extended distances. With the expansion of global economies and the intensification of international trade, the demand for sea freight services has risen. This trend is especially pronounced in sectors like chemicals, oil and gas, and pharmaceuticals, which routinely manage hazardous materials.

The market categorizes operations into domestic and international segments. By 2032, the domestic segment is projected to surpass USD 273 billion. Handling supply chains, particularly those involving hazardous goods, necessitates sophisticated logistics solutions. Essential to this process is the coordination between manufacturers, transporters, and regulatory entities. Companies are adopting tracking systems, managing documentation meticulously, and ensuring compliance with varied regional regulations. To facilitate these operations and ensure a smooth transit of hazardous materials, many firms are turning to specialized software solutions.

North America led the hazardous goods logistics market, commanding roughly 34% share in 2023. The region's dominance is largely due to stringent regulations from pivotal agencies like the U.S. Department of Transportation (DOT) and the Environmental Protection Agency (EPA). These regulations prioritize the safe transportation, handling, and storage of hazardous materials, underscoring the protection of public health and the environment. Consequently, logistics providers are compelled to adopt advanced safety protocols and technologies. Moreover, trade agreements, notably the North American Free Trade Agreement (NAFTA) along with its successor, the United States-Mexico-Canada Agreement (USMCA), have bolstered cross-border trade, further amplifying the transportation of hazardous materials within the region.

Product Code: 10641

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market scope and definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Hazardous goods manufacturers
- 3.2.2 Logistics providers
- 3.2.3 Technology providers
- 3.2.4 End-user
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Expansion of global trade and international supply chains
  - 3.8.1.2 Stringent regulations governing the transportation of hazardous goods
  - 3.8.1.3 Technological advancements in the logistics industry
  - 3.8.1.4 Expansion of E-commerce
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Safety risks associated with hazardous goods
  - 3.8.2.2 High insurance and liability costs
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Transportation Mode, 2021 - 2032 ($Bn, 000' tons)

5.1 Key trends
5.2 Rail freight
5.3 Air freight
5.4 Sea freight
5.5 Road freight

Chapter 6 Market Estimates and Forecast, By Service, 2021 - 2032 ($Bn, 000' tons)

6.1 Key trends
6.2 Warehousing and storage
6.3 Transportation
6.4 Regulatory compliance
6.5 Packaging
6.6 Others

Chapter 7 Market Estimates and Forecast, By Product Class, 2021 - 2032 ($Bn, 000' tons)

7.1 Key trends
7.2 Flammable gases
7.3 Flammable liquids
7.4 Flammable solids
7.5 Oxidizing substances
7.6 Radioactive substances
7.7 Corrosives
7.8 Others

Chapter 8 Market Estimates and Forecast, By Type of Operation, 2021 - 2032 ($Bn, 000' tons)

8.1 Key trends
8.2 Domestic
8.3 International

Chapter 9 Market Estimates and Forecast, By End User, 2021 - 2032 ($Bn, 000' tons)

9.1 Key trends
9.2 Aerospace and defense
9.3 Biopharma and life sciences
9.4 Mining
9.5 Automotive
9.6 Chemicals
9.7 Energy and power
9.8 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, 000' tons)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Agility Logistics
11.2 CMA CGM Group
11.3 Dangerous Goods International
11.4 DB SCHENKER
11.5 DHL Group
11.6 DSV
11.7 Hazardous Good Logistics
11.8 Hellmann Worldwide Logistics
11.9 Kerry Logistics
11.10 Kuehne+Nagel
11.11 Rhenus Group
11.12 SEKO Logistics
11.13 United Parcel Service of America, Inc.
11.14 XPO, Inc.
11.15 YCH Group
11.16 YUSEN LOGISTICS CO., LTD.